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datodota002
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October 02, 2017, 12:06:02 PM |
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Can bitcoin be the world's currency?
honestly all bitcoin user hope that happen but the reality is it hard to achieve because bitcoin is just appear in the world just 9 years, compare with fiat money that stand on the world. bitcoin will always be the second currency or maybe just become stock instead of currency |
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Gotumoot
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October 02, 2017, 12:12:44 PM |
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Can bitcoin be the world's currency?
No. Because in every country there is such currecy differently. Bitcoin is only a digital currency that cannot be compliment as only our currency in all countries but it can be popular in all countries. Not only bitcoin is our need but also the other currency that we first know and much better to have at first generations. |
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rajuahmed330
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October 02, 2017, 12:24:06 PM |
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Almost no. Because China already banned Bitcoicoin. And more of country no permission buy/sell. Some country legal and some country illegal.  |
Be hardworker
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tmaleha
Jr. Member
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Activity: 51
Merit: 10
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October 02, 2017, 12:33:00 PM |
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It is possible when it is accepted by all countries.
Right now it has to be accepted by all country with out any restrictions and it has to be accessible by all retailers and frequent of usage of Bitcoin is only way to accept as a worlds currency.
This reply is to be positive like new bie like me.
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palensya
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Activity: 87
Merit: 10
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October 02, 2017, 01:40:33 PM |
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Can bitcoin be the world's currency?
There is a possibility that bitcoin can be worlds currency. But of course it would take years before bitcoin can be introduce and to be accepted by the people around the globe. People worldwide should be educated with bitcoin for them to be able to adopt the crypto currency. Otherwise it will be hard for countries to adopt bitcoins if there is no formal education or introduction. |
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donGeilo
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October 02, 2017, 03:50:28 PM |
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I don't think it will be possible . Making bitcoin world's currency is a very risky step and no government will agree to take this step . Bitcoin is highly volatile , its value decreases and increases which can really effect a country's economy . Moreover bitcoins are not centralized so there will be no limitations on its uses . Bitcoins also does not supports any taxation which is the main reason that will not allow it to become a world's currency . The anonymous identification property of bitcoins will lead to growth in many crimes . So it is not possible.
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Denies
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October 02, 2017, 03:58:29 PM |
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Can bitcoin be the world's currency?
will always be a long debate. I am not too sure, because every world currency, has a tangible form. is it possible that virtual currency could be part of the world transition? this is a crazy thing for me. although all of that always has a possibility. |
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SirLancelot
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October 03, 2017, 10:26:23 AM |
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Can bitcoin be the world's currency?
In my opinion, Bitcoin will never be a world's currency or even a country currency. For bitcoin is only a digital currency which means it doesn't have appearance. The other reason why it can't be a world's currency is, it is not centralized, it doesn't pass through central banks. In addition to that, bitcoin is not subjected to tax but still government can impose tax to bitcoin if ever they want to. I think its possible. Currency is the heart of trading and transactions and as long as people value it or accepted it for goods and services rendered. And since bitcoin is already accepted by many countries, it satisfies the condition to be the world currency. It just that it is not yet official. As a global currency it will work awesome there will be no worries about the economy destabilization and I am sure this will happen but this will take time because there are still many regions around the globe who don’t know about this innovation so through proper advertisement attract people to it and this will be automatically declared as global currency as it demand increases. |
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Bruce1614
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October 03, 2017, 10:43:45 AM |
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by sense bitcoin is a cryptography currency. I conclude that bitcoin is already a worlds' currency in a virtual manner and not a fiat which doesn't have a governments trace and tax.
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dificanovi
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October 03, 2017, 03:56:49 PM |
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Can bitcoin be the world's currency?
in my opinion it is impossible bitcoin into the world currency because bitcoin is just a digital currency that is not shaped like the currency at the present time that has a shape. |
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Denies
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October 03, 2017, 04:06:46 PM |
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Can bitcoin be the world's currency?
we will always make a never-ending debate. because to make the world's currency very big, it will not be a bit bitcoin will be attacked by some big countries. because of that I don't really think about it like you. |
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FrankNoland
Copper Member
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Merit: 253
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October 03, 2017, 04:15:04 PM |
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Can bitcoin be the world's currency?
In my opinion, I don't think that this will happen, even if it's after some years. Don't forget that recently some countries tried banning bitcoin or regulating it, this means that a lot more countries will be adopting that habit of either banning it or regulating it in the near future. The recent incidents which took place concerning bitcoin were just a start, I just feel like there is more to come. |
Digital asset exchange for settlement, clearing, custody and trading of various digital assets, utilizing distributed ledger technologies, programmed on the blockchain -https://bex.global
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greeklogos
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October 03, 2017, 04:16:35 PM |
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I think bitcoin is world's currency already. It is acceptable in every country and you can travel with bitcoin freely. It is not so long time to wait for bitcoin become admitted as international form of payment. Everything is going to that.
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superhelper
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October 03, 2017, 04:25:57 PM |
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My experience says, Bitcoin can be the world's most valuable digital coins, but it is not possible that it can be the only currency of the world!
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Desscount
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ComboLabs
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October 03, 2017, 04:28:13 PM |
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Can bitcoin be the world's currency?
maybe I'm not an expert to be able to convince you, because I myself am not very confident with what you say ,. because there are always pros and cons of this, to me the same, bitcoin still useful for my life. whatever people say. |
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patarfweefwee
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October 04, 2017, 04:04:51 AM |
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I think so too... I mean right now we can exchange it for goods and services. Cor it to be a currency of a country is not too far. But dont quote me on this. If bitcoin represents the gold reserve of a country or its spending power i think it could happen.
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inanilujimi
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October 04, 2017, 04:18:52 AM |
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Maybe it's not possible if bitcoins are made in the world currency.
There will be too many negative sides if it happens because no one can set the bitcoin price itself.
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lienfaye
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October 04, 2017, 04:47:17 AM |
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Can bitcoin be the world's currency?
No. Because in every country there is such currecy differently. Bitcoin is only a digital currency that cannot be compliment as only our currency in all countries but it can be popular in all countries. Not only bitcoin is our need but also the other currency that we first know and much better to have at first generations. I agree, in each country they have their own currency and we cant stick with just one specially btc is a virtual currency. however users of btc are from different countries so we can consider it as world currency in terms of digital. many merchants and online stores are now accepting it as one of payment method and we cant deny the fact that it became popular and the users are increasing. |
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TheGodFather
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October 04, 2017, 04:54:11 AM |
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Can bitcoin be the world's currency?
No. Because in every country there is such currecy differently. Bitcoin is only a digital currency that cannot be compliment as only our currency in all countries but it can be popular in all countries. Not only bitcoin is our need but also the other currency that we first know and much better to have at first generations. Actually bitcoin become a worlds currency would be possible, why not? Who would've thought that bitcoin can be made right, and who would've thought that people would accept this bitcoin in our society. So I think bitcoin is never possible to become a worlds currency. |
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KesoNie
Copper Member
Sr. Member
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Activity: 672
Merit: 270
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October 04, 2017, 05:01:26 AM |
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Can bitcoin be the world's currency?
No. Because in every country there is such currecy differently. Bitcoin is only a digital currency that cannot be compliment as only our currency in all countries but it can be popular in all countries. Not only bitcoin is our need but also the other currency that we first know and much better to have at first generations. Actually bitcoin become a worlds currency would be possible, why not? Who would've thought that bitcoin can be made right, and who would've thought that people would accept this bitcoin in our society. So I think bitcoin is never possible to become a worlds currency. To earned here in bicoin yes it is possible. To trust that bitcoin would be a source of income, yes it is possible. To become bitcoin as a worlds currency, totally yes it wasn't possible. Let's all just see the positive side in every situation. So yes, everything is possible. |
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